8-KRegulation FD

AMERICAN EXPRESS CO 8-K Report, Regulation FD Disclosure (Oct 1, 2012)

Filed October 1, 2012For Securities:AXP

Summary

American Express Company (AXP) announced on October 1, 2012, that it has reached settlements with multiple regulatory agencies concerning previously disclosed reviews of its U.S. consumer card practices. This filing, an 8-K, serves as a public disclosure of these significant resolutions, which involved the company and several of its key subsidiaries. The resolution of these reviews marks a critical step for the company in addressing past practices and moving forward. While the specific details of the settlements are not included in this particular 8-K filing itself, the announcement signals the conclusion of an important regulatory scrutiny period. Investors should note that the press release detailing these settlements is attached as Exhibit 99.1, which is incorporated by reference. This event is crucial for understanding the company's ongoing legal and regulatory standing, and potential impacts on its operations and financial performance going forward.

Key Highlights

  • 1AXP announced settlements with multiple regulatory agencies regarding U.S. consumer card practices.
  • 2The settlements resolve previously disclosed regulatory reviews.
  • 3Key subsidiaries, including American Express Centurion Bank and American Express Bank, FSB, are included in the settlements.
  • 4This disclosure is made under Regulation FD, ensuring public access to material information.
  • 5A press release detailing the settlements is attached as Exhibit 99.1 to the filing.
  • 6The event date for this disclosure was September 30, 2012, with the filing date being October 1, 2012.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce that American Express Company has reached settlements with several regulatory agencies concerning past reviews of its U.S. consumer card practices.

Several key subsidiaries are involved, including American Express Centurion Bank, American Express Bank, FSB, and American Express Travel Related Services Company, Inc.

More detailed information about the settlements can be found in the press release dated October 1, 2012, which is attached as Exhibit 99.1 to this 8-K filing and incorporated by reference.

No, this particular 8-K filing, under Item 7.01 Regulation FD Disclosure, primarily serves to announce the event. The press release (Exhibit 99.1) is the likely source for more granular details, potentially including financial implications, though that information is not directly presented in the 8-K text provided.